Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
After listening to Paul's interview and his comments re the complexity now with both oil and probable gas discoveries at Royston. I wouldn't be surprised if there was a small cash raise coming. I know what he has said about this in the past,and the company has the credit line it can still draw on...but Royston is a game changer that increases the scope of the operation so may want to have some additional capital on hand as Cash flow from Cascadura is a ways off and could drag on waiting for approvals re the EIA process. Just my opinion.
It is possible that close to two years could pass between the time the NGC deal was announced...Dec of 2020 and when any meaningful gas comes out of Cascadura...say late 2022. Given a general bullish trend for natural gas prices, we could see a wild disconnect between our 2.50 price and the market price when first production from Cascadura arrives. If this is the case...how soon can Touchstone renegotiate the price under the terms of the agreement with NCG?...Any thoughts on how this would play out?
I found this past week a little surprising given some positive news.events for TXP...yet the SP has essentially been frozen at 1.39-1.40 CAD. The proactive interview which was generally positive, along with the Royston drill well under way, and oil prices getting a nice bounce this week...all failed to provide any momentum to the share price. I know its the middle of the summer, low volumes, etc...but still thought we would see a bit of a rise. The stock remains a steal at these levels which won't last forever. Given the timing of upcoming events/news it could be a compelling entry point for new investors.
DYOR
Totally agree ...have followed several ceo.ca boards and mostly penny flippers with the attention span that goes along with that...slim pickings over there for useful posts. IMO
No comparison to this board which continues to offer useful insight and opinions with the odd exception.
This exposure with the new energy minister, along with the Chinook flare is the type of news that can change the momentum of the stock in a hurry...and we may be seeing the early signs of that. Now a positive NR to follow and TXP is on its way once again. IMO
Greetings…I am a new poster but long time follower of this BB on a daily basis over the last year or so. I bought my first TXP shares back in September of 2019 after the preliminary results from COHO were released. Like many of the regulars here, I was fortunate to get in at an early stage. I have followed the TXP story closely since than and it is the largest holding in my portfolio. Many thanks to all the regular posters on this BB who have contributed very useful information from which I have learned a great deal. Many of you really know your stuff, and for me it was the quality of the discussion that kept me coming back. Now after a year of sitting on the sidelines as an observer have decided to join the group. As a new poster I wanted to provide a little background so as not to come off as the new, mysterious poster. I look forward to joining the discussion to share some thoughts, and ask a few questions along the way…Cheers!
A well known energy analyst here in Canada just commented on TXP during a daily investor phone in show called Marketcall on BNN. He said the recent selloff after the Chinook NR was, as he put it "for stupid reasons" was unwarranted. As a resulthis energy fund has accumulated 4 million shares since the selloff. His comments explains the uptick in the SP today as it started to move as he was talking. He has stated in recent months that he would be a buyer of TXP on a dip...the selloff gave him that opportunity and he took full advantage.
Sorry, not smart enough to provide a link but his comments can be found at BNN.ca...click on Marketcall and scroll down to hear his comments on TXP.